Thailand s Home Mortgage Market
|
|
- Georgiana Griffin
- 8 years ago
- Views:
Transcription
1 Khan Prachuabmoh, President Government Housing Bank Thailand 25 th Anniversary Celebration International Housing Financing Program The Wharton School, University of Pennsylvania June 18,
2 Brief overview of the Thai housing-mortgage market How Thailand successfully managed economy and housing industry immediately after 2008 global economic crisis Future developments in Thailand and how we are coping with global and local regulatory environments 2
3 Brief history Government Housing Bank (GH Bank) was established as a state enterprise in 1953 Accepted public deposits - lending restricted to housing Chartered to buy or acquire and sub-divide land, and developing housing projects for sale to the public Bankers and developers 3
4 Mobilizing deposits - difficult Initially - difficulty mobilizing deposits Couldn t compete - commercial bank s branch networks GH Banks didn t begin growing until 1980s 4
5 Land registration system Thai mortgage system underpinned by strong land registration system - in place for more than a century Land mortgages very secure and convenient for land owners, banks and borrowers Land title transfers and mortgaging done in less than day without lawyers and real estate agents Land offices nationwide 5
6 Long-term loans as early as year fixed-rate mortgage loans Loans funded by government guaranteed bonds and overseas foreign currency long-term loans Funding method short-lived: governments reluctant to issuing guarantees exchange rate problems GH Bank s mortgage lending severely limited homebuyers had to wait years to access GH Bank mortgage loans 6
7 1980s Special Deposit Accounts Introduced Special Deposit Accounts paid higher than commercial bank interest rates Highly successful GH Bank expanded no more funding problems No longer financed construction loans GH Bank branded as primary Thai home loan lender 7
8 Thailand s largest home loan provider GH Bank becomes Thailand s leading home mortgage provider, particular for middle and low income purchasers 36.8 per cent of home loans outstanding Total asset Bt692 billion ($US20.9 billion (12/31/09); loans outstanding Bt647 billion ($19.6 billion); about 1.6 million borrowers 8
9 Cutting-edge technology Basel Accords commercial banks enter market Staying ahead of the competition cutting-edge IT systems GH Bank closes more than 500 new housing loans every day all over the country 9
10 Managing interest and credit risks Variable-rate mortgages to hedge interest rate risks Most loans 20 to 30 year amortization periods Initial interest rates will be fixed for short periods of two or three years - then adjusted periodically to market rates 10
11 Credit risk mitigation Credit risks rise with climbing interest rates Innovative programs address potential problems early Adjustable term mortgages monthly payments constant loan-terms automatically adjusted Additional two per cent payment margin mitigate future payment shocks 11
12 GH Bank s dual role Helping many Thai people as possible acquire their dream homes Important government policy-arm to drive economic recovery during down business-cycles 12
13 GH Bank s policy role After 1997 Asian financial crisis, GH Bank implemented several government-led housing programs Benefited more than 100,000 middle-income home-buyers - revived moribund housing development industry - ultimately drove economic recovery 13
14 Post 1997 major reforms Thailand undertook major reforms throughout society Credit Bureau established Closed down weak financial institutions and companies Much stronger corporate governance regimes Balance sheets strengthened with new capital 14
15 Developing information and knowledge base Reason for 1997 housing bubble lack of accurate and up-to date housing information Thai government set up Real Estate Information Center (REIC) Developers, financial institutions and industry stakeholders have direct access to such information through the REIC 15
16 Impact of current global crisis GDP growth rate plunged in 2008 to 2.6 per cent compared to 4.9 per cent in 2007 Thai economy closely linked and integrated into the global economy - experienced systemic and contagion risks Export sector shrank, tourism severely affected Thai government asked GH Bank to implement housing stimulus policies key to driving economic recovery 16
17 Government stimulus packages: 2008 and 2009 Thai government stimulus measures Many directed at the housing industry, especially for middle and low-income purchasers GH Bank increase targeted housing loans in 2009 from Bt73.5 billion ($US2.23 billion) to Bt100 billion ($US3.09 billion) Bt102 billion ($US3.09 billion) new loans
18 International regulatory compliance GH Bank 100 per owned by Ministry of Finance Long-term sustainability through good and bad business environments Do what s best for the country and GH Bank Example: IAS 39 delay implementation for two years Now 100 per cent compliant 18
19 Basel III Overall goal strengthen financial institutions Raise capital and liquidity Thailand corporate governance changes since 1997 Major emphasis on risk and liquidity management 19
20 HM the King s Sufficiency Economy Philosophy Three key principles Moderation, reasonableness and self-immunity 20
21 Thank You 21
Development of consumer credit in China
Development of consumer credit in China Shen Bingxi and Yan Lijuan 1 Summary Consumer credit particularly personal consumer loans such as home mortgages and loans financing purchases of automobiles and
More informationLecture 4: The Aftermath of the Crisis
Lecture 4: The Aftermath of the Crisis 2 The Fed s Efforts to Restore Financial Stability A financial panic in fall 2008 threatened the stability of the global financial system. In its lender-of-last-resort
More informationInterest-Only Mortgage Payments and Payment-Option ARMs Are They for You?
Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation National Credit Union Administration Office of the Comptroller of the Currency Office of Thrift Supervision Interest-Only
More informationRecent Developments in Small Business Finance
April 1 Recent Developments in Small Business Finance Introduction In 1, a Small Business Panel was formed by the Reserve Bank to advise it on the availability of finance to small business. At about the
More informationEthiopian Institute of Financial Studies (EIFS) PROJECT FINANCE
PROJECT FINANCE With the growth in the economy and the revival in the industrial sector coupled with the increasing role of private players in the field of infrastructure, more and more Ethiopian banks
More informationLIST OF MAJOR LEADING & LAGGING ECONOMIC INDICATORS
APRIL 2014 LIST OF MAJOR LEADING & LAGGING ECONOMIC INDICATORS Most economists talk about where the economy is headed it s what they do. Paying attention to economic indicators can give you an idea of
More informationAgenda. Traditional Financing
Traditional Financing This session explores the traditional financing options that are available to allow you to build value in your business while you prepare for your exit 1 Agenda Benefits of Debt Types
More informationMortgages and Mortgage -Backed Securiti curi es ti Mortgage ort gage securitized mortgage- backed securities (MBSs) Primary Pri mary Mortgage Market
Mortgages and Mortgage-Backed Securities Mortgage Markets Mortgages are loans to individuals or businesses to purchase homes, land, or other real property Many mortgages are securitized Many mortgages
More informationThe alternative: Direct investments in Swiss properties
Interest rates hit rock bottom? Incurred capital losses due to opaque investment products? All investments lumped together? Portfolio involves too many risks? Afraid of inflation? The alternative: Direct
More informationBank lending in contemporary Thailand
Bank lending in contemporary Thailand by Pati Buddhavibul, Ph.D. Presentation outline 1.Motives for the study 2.Research question and objectives 3.Theoretical framework 4.Research design 5.Data interpretation
More informationCorporate financing in Europe and the role of banks
Corporate financing in Europe and the role of banks Hitotsubashi University 24 June 2015 Matthew Grayson, General Manager, Global Institutional Banking Department, SMBC The role of banks in the economy
More informationHOUSING FINANCE WORKSHOP FOR SUB-SAHARAN AFRICA
HOUSING FINANCE WORKSHOP FOR SUB-SAHARAN AFRICA THE WHARTON SCHOOL, THE UNIVERSITY OF PENNSYLVANIA INTERNATIONAL HOUSING FINANCE PROGRAM - ZELL / LURIE REAL ESTATE CENTER [APRIL 10-16, 2011] NAIROBI, KENYA
More information2 nd Quarter, 2012 Results ANALYST MEETING, 27 JULY, 2012
2 nd Quarter, 2012 Results ANALYST MEETING, 27 JULY, 2012 Agenda Page 1. Review of Result 2Q12 3-19 2. Future Positioning 21-25 3. 2012 Targets 27 IMPORTANT DISCLAIMER: Information contained in this document
More informationExecutive Summary. In the Tenth Federal Reserve District September 2014. Survey Demographics
In the Tenth Federal Reserve District September 2014 Executive Summary Surveys were emailed to community depository institutions (including banks, credit unions, and savings and loans) with assets less
More information52 ARTICLE The relationship between the repo rate and interest rates for households and companies
ARTICLE The relationship between the repo rate and interest rates for households and companies Figure A. Rates for new mortgage agreements for households and the repo rate 8 9 Average mortgage rate Short
More informationBAD DEBT SETTLEMENT - CRITICAL ISSUES IN BANK RESTRUCTURING IN VIETNAM I. Analytical framework overview 1. Theoretical consideration 1.1.
BAD DEBT SETTLEMENT - CRITICAL ISSUES IN BANK RESTRUCTURING IN VIETNAM I. Analytical framework overview 1. Theoretical consideration 1.1. Concept A bad debt or non-performing loan (NPL) can be understood
More informationPUBLIC DISCLOSURE COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION
SMALL BANK Comptroller of the Currency Administrator of National Banks PUBLIC DISCLOSURE November 6, 2002 COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION City National Bank Of New Jersey Charter 16142
More informationResidential Mortgage Finance. Early American Mortgages. Early Mortgage Lenders
Residential Mortgage Finance Early American Mortgages Mortgages before the Great Depression Generally were interest only (non- amortizing) loans Had Loan to Value Ratios under 50 % Were short term loans
More informationMacroprudential Policies in Korea
1 IMF-Riksbank Conference Stockholm, November 13~14, 2014 Macroprudential Policies in Korea Tae Soo Kang Disclaimer This presentation represents the views of the author and not necessarily those of the
More informationValuation for Mortgage Lending in North America and Lessons for Europe. Presented to The European Group of Valuers Associations Berlin -- April 2015
Valuation for Mortgage Lending in North America and Lessons for Europe Presented to The European Group of Valuers Associations Berlin -- April 2015 Home Ownership in the U.S. 14% of the U.S. population
More informationSUSTAINABLE HOUSING FINANCE
SUSTAINABLE HOUSING FINANCE Recovery, Sustainability, and Evolution: Perspectives on the Real Estate Economy 26 June, Geneva Mark Weinrich Manager International Relations & Senior Economist Association
More informationHome Loan. This document sets out your loan s terms and conditions. Some key information about your loan. Terms and Conditions
Home Loan Terms and Conditions This document sets out your loan s terms and conditions In this document we ve explained the terms and conditions applying to your ANZ Home Loan. It includes key information
More informationTHE ROLE OF THE CENTRAL BANK OF SUDAN IN DEVELOPMENT FINANCING
THE ROLE OF THE CENTRAL BANK OF SUDAN IN DEVELOPMENT FINANCING The Central Bank of Sudan commenced business in 1960. Its role, like that of other central banks, is set to include the achievement of monetary
More informationPersonal Loan. This document sets out your loan s terms and conditions. Some key information about your loan. Terms and Conditions
Personal Loan Terms and Conditions This document sets out your loan s terms and conditions In this document we ve explained the terms and conditions applying to your ANZ Personal Loan. It includes key
More informationCombined Home Loan. This document sets out your loan or facility s terms and conditions. Some key information about your loan or facility
Combined Home Loan Terms and Conditions This document sets out your loan or facility s terms and conditions In this document we ve explained the terms and conditions applying to your ANZ Home Loan or ANZ
More informationA Survey of SME Finance and the Emerging Alternatives for Access to Capital
A Survey of SME Finance and the Emerging Alternatives for Access to Capital Jim Faith Trade and Export Finance Online Global California December 3, 2014 2014 TEFO. All Rights Reserved Agenda Section 1:
More informationBanks Funding Costs and Lending Rates
Cameron Deans and Chris Stewart* Over the past year, lending rates and funding costs have both fallen in absolute terms but have risen relative to the cash rate. The rise in funding costs, relative to
More informationFunding the Cyclical Business. Lorem Ipsum
Lorem Ipsum Funding the Cyclical Business Acquiring the necessary working capital a business needs to grow and thrive in an uncertain economic climate. A PublicATION 2 OVERVIEW This white paper will discuss
More informationRISK FACTORS AND RISK MANAGEMENT
Bangkok Bank Public Company Limited 044 RISK FACTORS AND RISK MANAGEMENT Bangkok Bank recognizes that effective risk management is fundamental to good banking practice. Accordingly, the Bank has established
More informationConsumer Handbook on Adjustable Rate Mortgages
Consumer Handbook on Adjustable Rate Mortgages Federal Reserve Board Office of Thrift supervision EQUAL HOUSING OPPORTUNITY This booklet was prepared in consultation with the following organizations: American
More informationlesson six banking services supplemental materials 04/09
lesson six banking services supplemental materials 04/09 banking terms account Money deposited with a financial institution for investment and/or safekeeping purposes. assets Items of monetary value (e.g.,
More informationTRID Survival Guide: Consumer Edition
TRID Survival Guide: Consumer Edition What you need to know about the TILA-RESPA Integrated Closing Disclosures. NFM Lending NMLS # 2893 Toll-Free: 1-888-233-0092 www.nfmlending.com Introduction NFM Lending
More informationThursday July 18, 2013 FOR IMMEDIATE RELEASE
Thursday July 18, 2013 FOR IMMEDIATE RELEASE Washington Federal Reports Higher Net Income, Announces the Acquisition of 51 Branches in Four States, and Completes Conversion to a National Bank Charter.
More informationChapter 7 THE FINANCIAL REPORTING FRAMEWORK AND ACCOUNTING POLICIES OF BANK OF THAILAND 1. Palida Amornsawadwatana 2. Waewwalai Maneepairoj 3
Chapter 7 THE FINANCIAL REPORTING FRAMEWORK AND ACCOUNTING POLICIES OF BANK OF THAILAND 1 By Palida Amornsawadwatana 2 Waewwalai Maneepairoj 3 1. Overview of the Bank of Thailand 1.1 A Brief Explanation
More informationWhite Paper: HB 631/SB 666 Loan Originators, Mortgage Brokers, & Mortgage Lenders
White Paper: HB 631/SB 666 Loan Originators, Mortgage Brokers, & Mortgage Lenders I. Overview The explosion in subprime lending was a major factor that led to the Great Recession from 2007 to 2009. The
More informationQuarterly Credit Conditions Survey Report
Quarterly Credit Conditions Survey Report Contents March 2014 Quarter Prepared by the Monetary Analysis & Programming Department Research & Economic Programming Division List of Tables and Charts 2 Background
More information-------------------------------------------------
Unofficial Translation With courtesy of the Foreign Banks' Association This translation is for the convenience of those unfamiliar with the Thai language Please refer to the Thai text for the official
More informationComments by Edward Golding at the Wharton School, University of Pennsylvania Conference on Fixing the Housing Finance System, April 27, 2005.
Comments by Edward Golding at the Wharton School, University of Pennsylvania Conference on Fixing the Housing Finance System, April 27, 2005. Freddie Mac s and Fannie Mae s Contribution to the Economy
More informationSecondary Mortgage Market Policy Fannie Mae to QRM. Kevin Park PLAN 761 September 19, 2012
Secondary Mortgage Market Policy Fannie Mae to QRM Kevin Park PLAN 761 September 19, 2012 History of Mortgage Lending Traditional Bank Lending e.g., Bailey Building and Loan Association Mortgage Payments
More informationFull Service Offices Lending Offices
CALIFORNIA S BANK More than 90% of our loans are issued in California or to Californians. We loan out $1 for every $1 deposited, projected at over $5 billion for 2014. $5.5B Assets 1,000+ Small Business
More informationInvesting in your future is our commitment to you!
Lakeside Bank has met the financial needs of Chicago for nearly 40 years. With our competitive products and services to meet your every need, you can count on Lakeside Bank to help you achieve both your
More informationWells Fargo s perspective:
Third Quarter Update 2015 Wells Fargo s perspective: Topics in the news We want all our stakeholders customers, communities, investors, and our team members to have the facts on where Wells Fargo stands
More informationResidential Mortgage Finance and Housing Markets in Russia February 9, 2004. Britt Gwinner The World Bank
Residential Mortgage Finance and Housing Markets in Russia February 9, 2004 Britt Gwinner The World Bank 1 Overview of Presentation Two Sections: 1. Residential Mortgage Finance Internationally 2. Mortgage
More informationHome Loans for Foreigners in Thailand
Asia Pacific Region Fourth quarter 2012 housing finance news from Thailand GH Bank home loans to qualified foreign borrowers More and more foreigner non-thai citizens are now finally able under certain
More informationHOUSING FINANCE IN TRANSITION ECONOMIES
HOUSING FINANCE IN TRANSITION ECONOMIES OECD Workshop Warsaw, Poland December 5-6, 5 2002 Loïc Chiquier The World Bank 1 Challenge in Transition Economies! Key for growth, poverty, wealth (75 wealth),
More informationWe also assign a D- bank financial strength rating (BFSR) to the bank. The rationale for this rating mirrors that for the BCA.
Moody s Investors Service Ltd CREDIT OPINION MORTGAGE AND LAND BANK OF LATVIA Summary Rating Rationale In accordance with Moody s rating methodology for government-related issuers (GRIs), we assign A2/Prime-1
More informationTables. Standard symbols:. Category not applicable.. Data not available... Data not yet available Nil 0 Less than half the 0.0 final digit shown
Tables 1. Norges Bank. Balance sheet. In millions of NOK 2. Norges Bank. Investments for Government Pension Fund - Global. In millions of NOK 3. Banks. Balance sheet. In millions of NOK 4. Banks. Loans
More informationmd&a Prospera Credit Union MANAGEMENT S DISCUSSION AND ANALYSIS For the year ended December 31, 2014
Prospera Credit Union MANAGEMENT S DISCUSSION AND ANALYSIS For the year ended December 31, 2014 INTRODUCTION Prospera Credit Union (Prospera) is a BC-based credit union serving members from the Okanagan
More informationHow To Improve Profits At Bmoi
Bank of America Merrill Lynch Banking and Insurance CEO Conference London, 29 September 2009 Good morning. I d like to thank Bank of America Merrill Lynch for letting us speak this morning. Before I talk
More informationSpecifics of national debt management and its consequences for the Ukrainian economy
Anatoliy Yepifanov (Ukraine), Vyacheslav Plastun (Ukraine) Specifics of national debt management and its consequences for the Ukrainian economy Abstract This article is about the specifics of the national
More informationAPPENDIX 3 TO ANNEX XI RESERVATIONS BY SINGAPORE. National Treatment
APPENDIX 3 TO ANNEX XI RESERVATIONS BY A. All sectors National Treatment Legal Citation: Companies Act, Cap 50 (1994) Business Registration Act, Cap 32 (2001) Compliance by Foreign Companies and Foreigners
More informationThe 2013 Tailored Resolution Plan
Section 1: Public Section 1 Contents (a) Public Section... 3 (1) The names of material entities... 3 (2) A description of core business lines... 4 (3) Consolidated or segment financial information regarding
More informationFHLBanks: The Basics. For more information, visit www.fhlbanks.com.
FHLBanks: The Basics For more information, visit www.fhlbanks.com. The Federal Home Loan Banks (FHLBanks) are 11 private, wholesale banks regionally based throughout the U.S. They are cooperatively owned
More informationCREDIT UNION TRENDS REPORT
CREDIT UNION TRENDS REPORT CUNA Mutual Group Economics June 2 (April 2 data) Highlights During April, credit unions picked up 3, new memberships, credit union loan balances grew at an annualized 1.7% pace,
More informationThe Effects of Funding Costs and Risk on Banks Lending Rates
The Effects of Funding Costs and Risk on Banks Lending Rates Daniel Fabbro and Mark Hack* After falling for over a decade, the major banks net interest margins appear to have stabilised in a relatively
More informationTable of Contents. Table of Contents... 1. Chapter 1 Introduction... 4. 1.1 Goals and Objectives... 4 1.2 Required Review... 5 1.3 Applicability...
... 1 Chapter 1 Introduction... 4 1.1 Goals and Objectives... 4 1.2 Required Review... 5 1.3 Applicability... 5 Chapter 2 Accountability and Monitoring... 6 2.1 Internal Controls... 6 2.2 Monitoring Underwriters...
More informationOperating Performance 2011. - For Annual Results Briefing
Operating Performance 2011 - For Annual Results Briefing March 2012 Contents Operation and Management in 2011 Business Strategy for 2012 2 Part 1 Operation and Management in 2011 Note: Figures without
More informationIFRS Seminar for Regulators Accounting and Regulatory issues
REPARIS A REGIONAL PROGRAM IFRS Seminar for Regulators Accounting and Regulatory issues GDLN Session 2: IAS 39 Financial Instruments: Recognition and Measurement Hedge accounting THE ROAD TO EUROPE: PROGRAM
More informationSummary of the Housing and Economic Recovery Act of 2008
Summary of the Housing and Economic Recovery Act of 2008 On July 30, President Bush signed major housing legislation, HR 3221, the Housing and Economic Recovery Act of 2008. The bill restructures regulation
More informationThe default rate leapt up because:
The financial crisis What led up to the crisis? Short-term interest rates were very low, starting as a policy by the federal reserve, and stayed low in 2000-2005 partly due to policy, partly to expanding
More informationREPORT OF THE SUPERVISORY BOARD ON OPERATION IN 2013 AND ORIENTATION FOR 2014
JSC BANK FOR FOREIGN TRADE OF VIET NAM Address: 198 Tran Quang Khai St, Ha No Business Registration No. 0100112437 (8 th revision dated 1 st August, 2013) SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom
More informationNon-Bank Deposit Taker (NBDT) Capital Policy Paper
Non-Bank Deposit Taker (NBDT) Capital Policy Paper Subject: The risk weighting structure of the NBDT capital adequacy regime Author: Ian Harrison Date: 3 November 2009 Introduction 1. This paper sets out,
More informationWall Street Reform Journey Are Financial Bubbles Inevitable? Seattle University March 11, 2011
Wall Street Reform Journey Are Financial Bubbles Inevitable? Seattle University March 11, 2011 David Min Associate Director for Financial Markets Policy Center for American Progress dmin@ The Future of
More informationMarkets, Investments, and Financial Management FIFTEENTH EDITION
INTRODUCTION TO FINANCE Markets, Investments, and Financial Management FIFTEENTH EDITION Ronald W. Melicher Professor of Finance University of Colorado at Boulder Edgar A. Norton Professor of Finance Illinois
More informationEmpowered Economy and the Credit Crisis in Dubai
The Emirates and the credit crisis Hard times in the land of plenty? Pierre Mourlevat Head of Regional Economic Department of the French Embassy November 2008 From «chaotic» development to increased regulation
More information28.10.2013. The recovery of the Spanish economy XVI Congreso Nacional de la Empresa Familiar/Instituto de la Empresa Familiar Luis M.
28.10.2013 The recovery of the Spanish economy XVI Congreso Nacional de la Empresa Familiar/Instituto de la Empresa Familiar Luis M. Linde Governor Let me begin by thanking you for inviting me to take
More informationCHAPTER 9: BANKING DOING BUSINESS IN GREATER PHOENIX, U.S.A. 9.1: THE U.S. BANKING SYSTEM 9.2: ESTABLISHING A U.S. BANK ACCOUNT
CHAPTER 9: BANKING 9.1: THE U.S. BANKING SYSTEM Unlike banks in many countries, U.S. banks are not government-owned and managed. They provide deposit facilities for the general public, provide loans for
More informationBNZ banking group Statutory net profit Cash earnings Common Equity Tier 1, Tier 1 and total capital ratios
Strong underlying performance in its business banking (BNZ Partners) and wholesale (BNZ Markets) divisions has seen Bank of New Zealand (BNZ) report a statutory net profit for its banking group 1 of NZ$1.04
More informationScotiabank Financials Summit. September 5, 2013
Scotiabank Financials Summit September 5, 2013 1 1 Disclaimer This presentation provides management with the opportunity to discuss the financial performance and condition of Home Capital Group Inc. and
More informationWorking with your banker
Working with your banker Business CoaCH series How the system works What your bank expects of you How to maintain a banker-friendly relationship Business Coach series Getting support when you need it The
More informationWords from the President and CEO 3 Financial highlights 4 Highlights 5 Export lending 5 Local government lending 6 Funding 6 Results 6 Balance sheet
Words from the President and CEO 3 Financial highlights 4 Highlights 5 Export lending 5 Local government lending 6 Funding 6 Results 6 Balance sheet 7 Events after the balance sheet date 8 Income statement
More informationHome Equity Lines of Credit
Table of contents The Federal Reserve Board Home Equity Plan Checklist...1 What is a home equity line of credit?... 3 What should you look for when shopping for a plan?... 4 Costs of establishing and maintaining
More informationBond Markets in Emerging Asia: Progress, Challenges, and ADB Work Plan to Support Bond Market Development. Asian Development Bank
Bond Markets in Emerging Asia: Progress, Challenges, and ADB Work Plan to Support Bond Market Development Asian Development Bank November 2009 A. Noy Siackhachanh Advisor Office of Regional Economic Integration
More informationCONSUMER HANDBOOK ON ADJUSTABLE RATE MORTGAGES
CONSUMER HANDBOOK ON ADJUSTABLE RATE MORTGAGES This booklet was originally prepared by the Federal Reserve Board and the Office of Thrift Supervision in consultation with the following organizations: American
More informationArt or Science? Modeling and Challenges in the Post-Financial Crisis Economy
Art or Science? Modeling and Challenges in the Post-Financial Crisis Economy Emre Sahingur, Ph.D. Chief Risk Officer for Model Risk Fannie Mae May 2015 2011 Fannie Mae. Trademarks of Fannie Mae. 2015 Fannie
More information1. Briefly discuss some of the services that international banks provide their customers and the market place.
Page 287-288 QUESTIONS 1. Briefly discuss some of the services that international banks provide their customers and the market place. Answer: International banks can be characterized by the types of services
More informationBanks in Canada Helping our Small and Medium-sized Enterprises Grow and Succeed
Banks in Canada Helping our Small and Medium-sized Enterprises Grow and Succeed October 2013 Overview Small and medium sized enterprises (SMEs 1 ) are a vital part of the Canadian economy and, as a result,
More informationThailand Financial Inclusion in Thai Credit Bureau s View. by Surapol Opasatien - CEO National Credit Bureau Co., Ltd. 20.03.2014
Thailand Financial Inclusion in Thai Credit Bureau s View by Surapol Opasatien - CEO National Credit Bureau Co., Ltd. 20.03.2014 Thai credit bureau was set up after 1997 Asian Financial Crisis, supported
More informationVirginia Housing Market and Foreclosure Status
Virginia Housing Market and Foreclosure Status Virginia Foreclosure Task Force September 17, 2013 Virginia Housing Development Authority Overview 1. Looking back: Market conditions and foreclosure trends
More informationBusiness Loan. This document sets out your loan s terms and conditions. Contents of these terms and conditions. Terms and Conditions
Business Loan Terms and Conditions This document sets out your loan s terms and conditions In this document we ve explained the terms and conditions applying to your ANZ Business Loan. It includes key
More informationCONSUMER HANDBOOK ON ADJUSTABLE RATE MORTGAGES Federal Reserve Board Office of Thrift Supervision
CONSUMER HANDBOOK ON ADJUSTABLE RATE MORTGAGES Federal Reserve Board Office of Thrift Supervision This booklet was prepared in consultation with the following organizations: American Bankers Association
More informationMortgages and Home Loans
Mortgages and Home Loans We re here to help Buying a new home may be one of the largest, long- term investments you ll ever make. Whether you are purchasing a starter home or a property as an investment,
More informationConsumer Handbook on Adjustable Rate Mortgages Published by: Federal Reserve Board Office of Thrift Supervision EQUAL HOUSING OPPORTUNITY This
Consumer Handbook on Adjustable Rate Mortgages Published by: Federal Reserve Board Office of Thrift Supervision EQUAL HOUSING OPPORTUNITY This booklet was prepared in consultation with the following organizations:
More informationIntroduction to Mortgage Insurance. Mexico City November 2003
Introduction to Mortgage Insurance Mexico City November 2003 Agenda United Guaranty Mortgage guaranty insurance Industry history Product structure and risk factors Advantages of mortgage insurance Process
More informationAlternative Financing for Small Businesses - IBANYS. June, 2015 Jim Conroy, Senior Vice President New York Business Development Corporation
Alternative Financing for Small Businesses - IBANYS June, 2015 Jim Conroy, Senior Vice President New York Business Development Corporation 1 About NYBDC NYBDC was formed in 1955 and is owned by banks Approximately
More informationStep-by-Step Home Mortgage Steps
1 Applicants with a good credit report will be in a stronger position to negotiate best rate and terms Your credit report is used by banks and other lending institutions to determine your creditworthiness.
More informationFSB invites feedback on residential mortgage underwriting practices
Press release Press enquiries: Basel +41 76 350 8430 Press.service@bis.org Ref no: 38/2010 20 September 2010 FSB invites feedback on residential mortgage underwriting practices The Financial Stability
More informationCentral Bank of Ireland Macro-prudential policy for residential mortgage lending Consultation Paper CP87
Central Bank of Ireland Macro-prudential policy for residential mortgage lending Consultation Paper CP87 An initial assessment from Genworth Financial The Central Bank ( CB ) published a consultation paper
More informationPUBLIC DISCLOSURE COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION
Comptroller of the Currency Administrator of National Banks PUBLIC DISCLOSURE December 4, 1997 COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION Emprise Bank, National Association Charter Number 3885 1200
More information2014 ICBA Community Bank Lending Survey
2014 ICBA Community Bank Lending Survey Executive Summary January 2015 www.icba.org 2014 ICBA Community Bank Lending Survey Executive Summary In 2014, ICBA conducted a survey of community banks on their
More information3/22/2010. Chapter 11. Eight Categories of Bank Regulation. Economic Analysis of. Regulation Lecture 1. Asymmetric Information and Bank Regulation
Chapter 11 Economic Analysis of Banking Regulation Lecture 1 Asymmetric Information and Bank Regulation Adverse Selection and Moral Hazard are the two concepts that underlie government regulation of the
More informationSession 5, Part 2 Managing Banking Risks in Australian and Chinese Banking Systems: Credit Risk Management
Session 5, Part 2 Managing Banking Risks in Australian and Chinese Banking Systems: Credit Risk Management Ms Cui Hui (Susan) Risk Management, Industrial and Commercial Bank of China, Sydney Branch Abstract
More informationSecuritisation after the credit crunch Is it right for your business?
www.pwc.com/securitisation Securitisation after the credit crunch Is it right for your business? Securitisation undoubtedly received a lot of adverse press during the credit crisis. In this publication
More informationLatvia during the global economic and financial crisis
Latvia during the global economic and financial crisis Second Japan Baltic Seminar 1 December 2009, Tokyo 1 Different experience behind, challenges ahead 15 10 5 Transition -56% in 1991-1993 GDP 1991-2012
More informationStandard Chartered Bank (Thai) PCL & its Financial Business Group Pillar 3 Disclosures 30 June 2015
Standard Chartered Bank (Thai) PCL & its Financial Business Group Registered Office: 90 North Sathorn Road, Silom Bangkok, 10500, Thailand Overview During 2013, the Bank of Thailand ( BOT ) published the
More informationThank you, Saurabh, for that very kind introduction. I m delighted to be back in
Remarks by John G. Walsh Chief of Staff and Public Affairs Office of the Comptroller of the Currency Before the National Community Investment Fund s Annual Development Banking Conference Chicago, Illinois
More informationASEAN Capital Market Integration and Lessons from the European Union
ASEAN Capital Market Integration and Lessons from the European Union 44 th IAFEI World Congress: Global Recovery Amidst Reforms Makati Shangri-la 16 October 2014 Thiam Hee Ng, Senior Economist Asian Development
More information(April 1, 2015 June 30, 2015)
Financial Results Summary of Consolidated Financial Results For the Three-month Period Ended June 30, 2015 (IFRS basis) (April 1, 2015 June 30, 2015) *This document is an English translation of materials
More informationLogo and tagline. 2014 Investment Shareholders Update. meridiancu.ca 1-866-592-2226. Dear Shareholder,
2014 Investment Shareholders Update Dear Shareholder, As we look back on the first half of 2014, I m happy to report that Meridian s continued focus on serving and meeting the needs of our Members while
More informationDeveloping Kenya s Mortgage Market
Developing Kenya s Mortgage Market Simon Walley Senior Housing Finance Specialist World Bank 17 February, 2011 - Nairobi Outline Rationale for developing the mortgage market Mortgage Market Summary Housing
More information